Life annuity Apartment
Menton Garavan

Menton Garavan - one bedroom - Terrace - Parking - Cellar

Usufructuary a couple, Mrs. 83 years old and Mr. 88 years old.
SOLE AGENT in the popular Garavan district, pleasant one bedroom apartment of 49 M² with beautiful terrace of 13 M², parking and cellar. The apartment consists of an entrance, a living room, an equipped kitchen, a bedroom, a bathroom and a individual toilet. Sunny, bright, calm, glimpse of the sea.
BUYING IN BARE OWNERSHIP allows you to acquire the property with a reduction of 27% of its value (market value €250,000). This is the counterpart to the fact that during the dismemberment period you do not receive rent.
Investment oriented towards capitalization, no rental risk. You can also asking for a mortgage to purchase.
The usufructuaries can leave the flat in any moment or until his death.
No tax.
The property tax is the responsibility of the usufructuary and small repairs.
* The bare ownership property does not enter into your real estate assets for the calculation of the tax on La Fortune Immobilière.
* You can deduct from your other property income major repairs carried out on your bare ownership property, even if it is not "fiscally" part of your assets.
* Notary fees are calculated on the amount of bare ownership.